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In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save
In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save A month ago, we wrote about a bizarre situation involving Denmark’s now totally broken monetary system, where as a result of an unprecedented scramble to weaken the currency in order to preserve the peg to the Euro the central bank unleashed […]
Kick-The-Can Has Morphed Into A Blatant Farce
Kick-The-Can Has Morphed Into A Blatant Farce Kick-the-can has morphed into a blatant farce. Everywhere in the world central banks and financial officialdom are engaging in desperate, juvenile maneuvers to buy time—–amounting to hardly a few weeks at a go. Never before has the debt-saturated, speculation-ridden global casino rested upon such a precarious foundation. This week, for instance, Janet Yellen […]
What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth
What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth It is plain as day that massive central bank money printing and perpetual ZIRP do not rejuvenate the main street economy under conditions of “peak debt”. And the reason is so obvious that only Keynesian economists can’t grasp it. To wit, if the balance […]
Audit The Fed——And Shackle It, Too
Audit The Fed——And Shackle It, Too The reason to be fearful about the economic and financial future is that we are in the thrall of a mainstream consensus that is downright meretricious. In attacking Rand Paul’s audit legislation, for instance, one of the time-servers on the Fed Board of Governors, Jerome H. Powell, let loose the following gem: […]
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: “Hiring, Wages Pick Up as Job Market Nears Full Health”. Whether the job market is actually as red hot as the BLS’ headline numbers is a debatable topic, but it […]
Paul Singer Warns “The Consequences Of Monetary Manipulation Are Unknowable”
Paul Singer Warns “The Consequences Of Monetary Manipulation Are Unknowable” The world believes it is in a sweet spot. There is global consensus that central banks know what they are doing and are in control, and that if economies falter, a bigger dose of QE or ZIRP or NIRP (negative interest rate policy – we just […]
Rates Don’t Matter–Liquidity Matters
Rates Don’t Matter–Liquidity Matters The cure for systemic fragility is not low interest rates forever–it’s a market that transparently prices credit and risk for lenders and borrowers, qualified and marginal alike. One of the most unquestioned narratives out there is that the Federal Reserve raising interest rates from 0% to .25% (or .50%) will crush […]
The Wreck Of The Monetary Hesperus
The Wreck Of The Monetary Hesperus For 73 months running the Fed has lashed the money markets to the gross financial anomaly of ZIRP. Never before in the history of the world has any central bank or other monetary authority decreed that overnight money shall be indefinitely free to gamblers or that liquid savers should have their […]
How Do You Unmanipulate a Manipulated Economy?
How Do You Unmanipulate a Manipulated Economy? Breaking the stranglehold of vested interests is the essential step to rebuilding an economy that isn’t totally dependent on manipulated money and statistics. The word manipulated has the sour taste of officially sanctioned distortion in service of an Elite’s interests. At a minimum, manipulation smacks of intent to defraud. If there is no intent […]
A Solemn Pause|Kunstler
A Solemn Pause|Kunstler Events are moving faster than brains now. Isn’t it marvelous that gasoline at the pump is a buck cheaper than it was a year ago? A lot of short-sighted idiots are celebrating, unaware that the low oil price is destroying the capacity to deliver future oil at any price. The shale oil […]
Low Oil Prices And Money Worries For 2015
Low Oil Prices And Money Worries For 2015. In response to the Ruble’s recent fall (over 50% against the U.S. Dollar), Swiss banks have begun taking extreme and extraordinary measures in what appear to be early signs of a currency war. There is now a negative interest rate of 0.25% on deposits made in Swiss Francs. […]
The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts, Part I | David Stockman’s Contra Corner
The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts, Part I | David Stockman’s Contra Corner. The mainstream economics narrative is so far down the monetary rabbit hole that the blinding clarity of the chart below has no chance whatsoever of seeing the light of day. That’s because it dramatizes the real truth regarding all […]
The Global Monetary Reset Is Under Way | Zero Hedge
The Global Monetary Reset Is Under Way | Zero Hedge. The Global Monetary Reset is under way, but people have not noticed it yet. The key is the move to zero interest rates. Government debt almost everywhere is too high to ever pay off, let alone pay a traditional rate of interest on. As debts come due, […]
Crash-O-Matic Finance | KUNSTLER
Crash-O-Matic Finance | KUNSTLER. “Oil prices have dropped $50 a barrel. That may not sound like much. But when you take $107 and you take $57, that’s almost a 47 percent decline…!” –James Puplava, The Financial Sense News Network May not sound like much? I guess when you hunker down in the lab with the […]
